[8-K] Green Brick Partners, Inc. Reports Material Event

Rhea-AI Filing Summary

Green Brick Partners reported lower first-quarter 2026 results while announcing an accounting restatement and a preferred dividend. Net income was $60.9 million with diluted EPS of $1.39, as total homebuilding revenues fell to $456.0 million and homebuilding gross margin slipped to 28.9% from 32.1% a year earlier.

The company delivered 908 homes and logged 1,037 net new orders, with backlog revenue at $381.3 million on 649 units, both down sharply year over year. Financial services revenues nearly doubled to $9.5 million, driven by strong growth at Green Brick Mortgage.

Green Brick will restate prior-period results to reclassify closing cost incentives from costs to a reduction of residential units revenue, which it states will not change gross profit, net income, EPS, cash flow, or equity. The company also declared a quarterly dividend of $0.35938 per Series A depositary share, based on a 5.75% rate on the $25,000 liquidation preference per preferred share. Leverage remained low, with homebuilding debt to capital at 11.5% and net homebuilding debt to capital at 5.5%.

Insights

Homebuilding and capital structure analyst

Green Brick posted weaker Q1 2026 homebuilding results but strong mortgage growth, alongside a non-earnings-impacting revenue reclassification.

Green Brick generated homebuilding revenues of $455.987 million, down 5.9% year over year, with net income attributable to the company of $60.946 million and diluted EPS of $1.39. Homebuilding gross margin declined to 28.9% from 32.1%, reflecting lower average selling prices and a tougher rate environment despite relatively stable deliveries.

The company will restate 2023–2025 periods to treat closing cost incentives, including interest rate buy-downs, as a reduction of residential units revenue rather than cost. Management emphasizes this reclassification leaves gross profit, operating income, net income, EPS, cash flow, debt covenant compliance and equity unchanged, but it will reduce reported revenue and average sales price while increasing reported gross margin percentages.

On the positive side, the financial services segment scaled quickly: total financial services revenues rose to $9.501 million with operating income of $4.321 million, as mortgage loan originations jumped to 365 loans and $150.356 million of principal. Liquidity appears solid, with no borrowings on revolving credit facilities and homebuilding net debt to capital of 5.5%. Subsequent filings, including the planned amended Form 10-K for 2025, will provide full restated historical detail.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0001373670false00013736702026-04-292026-04-290001373670us-gaap:CommonStockMember2026-04-292026-04-290001373670exch:XNYS2026-04-292026-04-290001373670exch:XCHI2026-04-292026-04-290001373670us-gaap:SeriesAPreferredStockMember2026-04-292026-04-29

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________

FORM 8-K

___________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

Green Brick Partners, Inc.

(Exact name of registrant as specified in its charter)

Delaware															001-33530						20-5952523
(State or other jurisdiction of incorporation)															(Commission File Number)						(IRS Employer Identification Number)
5501 Headquarters Drive			,			Ste 300W
Plano			,			TX			75024						(469)						573-6755
(Address of principal executive offices, including Zip Code)															(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report) Not Applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.01 per share			GRBK			The New York Stock Exchange
						NYSE Texas
Depositary Shares (each representing a 1/1000th interest in a share of 5.75% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share)			GRBK PRA			The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On April 29, 2026, Green Brick Partners, Inc. (the “Company”) issued a press release announcing its financial and operational results for the year and first quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99 to this report.

Item 8.01 Other Events.

The Company announced today that on June 15, 2026 holders of record as of June 1, 2026 (the “Record Date”) of its depositary shares (the “Series A Depositary Shares” (NYSE:GRBK.PRA)), each representing a 1/1,000th interest in a share of its 5.75% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”) will receive a quarterly dividend in the amount of $359.38 per share of Series A Preferred Stock (equivalent to $0.35938 per Series A Depositary Share), which will cover the period from, and including, March 15, 2026 through, but not including June 15, 2026. The dividend represents dividends at the rate of 5.75% of the $25,000.00 liquidation preference per share (equivalent to $25.00 per depositary share) per year (equivalent to $1,437.50 per share per year or $1.4375 per Series A Depositary Share per year).

Item 9.01 Financial Statements and Exhibits.

(d)     Exhibits

Exhibit No.			Description of Exhibit
99			Press Release dated March 29, 2026
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                

GREEN BRICK PARTNERS, INC.
By:			/s/ Jeffery D. Cox
Name:			Jeffery D. Cox
Title:			Chief Financial Officer

Date:    April 29, 2026

1

Exhibit 99

GREEN BRICK PARTNERS, INC. REPORTS FIRST QUARTER 2026 RESULTS

2026 FIRST QUARTER HIGHLIGHTS

•Earnings per diluted share of $1.39 and net income of $60.9 million

•New home deliveries of 908

•Homebuilding gross margins of 28.9%

•Net new home orders of 1,037

•Homebuilding debt to total capital of 11.5%; net homebuilding debt to total capital of 5.5%

•Repurchased approximately 114,000 shares of common stock for approximately $7.2 million

•Began sales in the Houston market

PLANO, Texas, April 29, 2026 — Green Brick Partners, Inc. (NYSE: GRBK) (“we,” “Green Brick” or the “Company”) today

reported results for its first quarter ended March 31, 2026.

Net income attributable to Green Brick in the first quarter of 2026 was $60.9 million, resulting in diluted earnings per share of

$1.39. The company delivered 908 homes. Net new sales orders were 1,037 for the quarter, with the monthly sales pace for the first

quarter of 2026 decreasing slightly to 3.4, as compared to 3.5 in prior year period. At quarter end, we had 649 backlog units with

corresponding backlog revenue of $381.3 million. We started 979 homes in during the first quarter of 2026, an increase of 13% over

the first quarter of 2025.

Jim Brickman, CEO and co-founder said, “The new home market remains challenging as mortgage rates increased during the

quarter and consumer confidence remains challenged for many of our consumers. We achieved strong results in Q1 despite these

continuing headwinds, which we believe is a testament to our disciplined approach to managing incentives and price to maintain

sales pace. We also are pleased to announce the milestone of our first sales in the Houston market.”

Commencing with the first quarter, we began to report our mortgage, title and insurance operations, which were previously reported

within the Corporate segment, as a separate financial services segment. Mr. Brickman stated, “We are very pleased with the growth

of Green Brick Mortgage. By the end of the first quarter of 2026 we had completed the rollout of Green Brick Mortgage to all our

builders in our Texas markets, and we expect to continue the expansion of Green Brick Mortgage into the Atlanta market with our

builder, The Providence Group, during the latter half of 2026. We believe that the growth of our financial services segment should

further strengthen our operating results and balance sheet.”

Restatement of Closing Cost Incentives Recorded in Prior Periods

As reported in our Form 8-K filed last night, the Company has determined that residential units revenue in prior periods had been

incorrectly reported on a gross basis and excluded closing cost incentives offered to homebuyers, including interest-rate buy-downs,

which had previously been included in cost of residential units. The Company concluded that these closing cost incentives should

have been reflected as a reduction in revenue. As a result, the Company will reduce residential units revenue, with a corresponding

impact on total revenues, for the closing costs incentives, including interest-rate buydowns, that were paid on behalf of the

homebuyer. In addition, the Company will reduce cost of residential units, with a corresponding impact on total cost of revenues, by

this same amount of closing cost incentives. As a result, and based on the amounts of such reclassifications, the Company will be

restating its audited consolidated statements of income for the years ended December 31, 2023, 2024 and 2025 included in its

Annual Report on Form 10-K for the year ended December 31, 2025 and the unaudited condensed consolidated statements of

income for each of the quarters within 2025 and 2024, respectively. The Company intends to file an amendment to its Annual

Report on Form 10-K for the fiscal year ended 2025 to restate the affected financial statements and related disclosures and the

interim unaudited condensed consolidated statements of income will be included within a footnote.

The restatement will not impact reported gross profit, operating income, net income, earnings per share, cash flow, debt covenant

compliance, shareholders’ equity, or the underlying economics of the Company’s business. As a result of this change, reported

residential units revenue and average sales price for each of the affected periods will be reduced, while reported homebuilding cost

of revenues will decrease and gross margin will increase. The first quarters of 2025 and 2026 included in this earnings release

2

reflect this reclassification. In addition, the Company has filed a Form 8-K that sets forth the Company’s preliminary assessments

of the impact of this reclassification for the years ended December 31, 2023, 2024 and 2025, as well as each of the quarters in 2025

and 2024.

Results for the Quarter Ended March 31, 2026:

Homebuilding - During the first quarter of 2026, the Company generated $448.0 million in home closings revenue as compared to

$484.5 million in the prior year period. Total homebuilding cost of revenues decreased to $324.3 million in the first quarter of 2026

from $328.7 million in the prior year period. Homebuilding gross margin for the quarter was 28.9%, which was the highest amongst

our public homebuilding peers. 

(Dollars in thousands, except per share data)	Three Months Ended March 31,
	2026		2025 (as restated)		%
New homes delivered	908		910		(0.2)%
Total homebuilding revenues	$ 455,987		$ 484,453		(5.9)%
Total homebuilding cost of revenues	324,272		328,668		(1.3)%
Total gross profit	$ 131,715		$ 155,785		(15.5)%
Income before income taxes	$ 84,264		$ 106,148		(20.6)%
Net income attributable to Green Brick Partners, Inc.	$ 60,946		$ 75,059		(18.8)%
Diluted net income attributable to Green Brick Partners, Inc. per common share	$ 1.39		$ 1.67		(16.8)%
Residential units revenue	$ 448,487		$ 482,149		(7.0)%
Average sales price of homes delivered	$ 493.4		$ 529.8		(6.9)%
Homebuilding gross margin percentage	28.9 %		32.1 %		-320 bps
Backlog revenue	$ 381,252		$ 584,762		(34.8)%
Backlog units	649		864		(24.9)%
Homes under construction	2,119		2,296		(7.7)%

Financial Services - Green Brick Mortgage was established at the end of 2024 and funded its first loan in the first quarter of 2025.

Mortgage revenue increased more than 330% year over year from $1.3 million in the first quarter of 2025 to $5.6 million in the first

quarter of 2026 as we funded 365 loans in the first quarter of 2026 compared to 105 in the first quarter of 2025.

		Three Months Ended March 31,
		2026		2025		%
Total financial services revenues		$ 9,501		$ 4,867		95.2%
Financial services expenses		(5,180)		(3,058)		69.4%
Financial services operating income		$ 4,321		$ 1,809		138.9%
Total originations:
Loans		365		105		247.6%
Principal		$ 150,356		$ 47,527		216.4%
Average FICO score		742		741

Liquidity - We continue to maintain strong liquidity, with no outstanding borrowings on our revolving credit facilities.

Homebuilding debt to capital declined to 11.5%, down 130 basis points sequentially, while net homebuilding debt to capital

declined to 5.5%, among the lowest of our public homebuilding peers, even with purchasing 114,000 shares of stock valued at $7.2

million during the quarter. “Our first quarter results were achieved with an investment grade balance sheet and low leverage, which

3

gives us the flexibility to navigate the current challenging environment, continue to invest strategically in future growth, and return

capital to shareholders through share repurchases,” said Mr. Brickman.

Earnings Conference Call:

We will host our earnings conference call to discuss our first quarter ended March 31, 2026 at 12:00 p.m. Eastern Time on

Thursday, April 30, 2026. The call can be accessed by dialing 1-888-660-6353 for domestic participants or 1-929-203-2106 for

international participants and should reference meeting number 3162560. Participants may also join the call via webcast at: https://

events.q4inc.com/attendee/867843540.

A telephone replay of the call will be available through May 30, 2026. To access the telephone replay, the domestic dial-in number

is 1-800-770-2030, the international dial-in number is 1-609-800-9909 and the access code is 3162560, or by using the link at

investors.greenbrickpartners.com.

4

GREEN BRICK PARTNERS, INC.

SUPPLEMENTAL INFORMATION

(Unaudited)

Residential Units Revenue and New Homes Delivered (dollars in thousands)		Three Months Ended March 31,
		2026		2025 (as restated)		Change		%
Home closings revenue		$ 448,006		$ 482,149		$ (34,143)		(7.1)%
Mechanic’s lien contracts revenue		481		—		481		100%
Residential units revenue		$ 448,487		$ 482,149		$ (33,662)		(7.0)%
New homes delivered		908		910		(2)		(0.2)%
Average sales price of homes delivered		$ 493.4		$ 529.8		$ (36.4)		(6.9)%

New Home Orders and Backlog (dollars in thousands)		Three Months Ended March 31,
		2026		2025		Change		%
Net new home orders		1,037		1,106		(69)		(6.2)%
Revenue from net new home orders		$ 474,930		$ 571,028		$ (96,098)		(16.8)%
Average selling price of net new home orders		$ 458.0		$ 516.3		$ (58.3)		(11.3)%
Cancellation rate		7.7 %		6.1 %		1.6 %		26.2 %
Absorption rate per average active selling community per quarter		10.1		10.6		(0.5)		(4.7)%
Average active selling communities		103		104		(1)		(1.0)%
Active selling communities at end of period		105		103		2		1.9 %
Backlog revenue		$ 381,252		$ 584,762		$ (203,510)		(34.8)%
Backlog units		649		864		(215)		(24.9)%
Average sales price of backlog		$ 587.4		$ 676.8		$ (89.4)		(13.2)%

	March 31, 2026						December 31, 2025
	Central(1)		Southeast(2)		Total		Central(1)		Southeast(2)		Total
Lots owned
Finished lots	4,365		959		5,324		4,518		663		5,181
Lots in communities under development	27,167		1,438		28,605		26,339		1,703		28,042
Land held for future development(3)	3,800		—		3,800		3,800		—		3,800
Total lots owned	35,332		2,397		37,729		34,657		2,366		37,023
Lots under contract
Lots and land under option contracts	6,327		1,579		7,906		8,297		955		9,252
Lots under option through unconsolidated development joint ventures	3,048		51		3,099		2,488		65		2,553
Total lots under contract(4)	9,375		1,630		11,005		10,785		1,020		11,805
Total lots owned and under contract (5)	44,707		4,027		48,734		45,442		3,386		48,828
Percentage of lots owned	79.0 %		59.5 %		77.4 %		76.3 %		69.9 %		75.8 %

1)The Texas market.

2)The Georgia and Florida markets.

3)Land held for future development consist of raw land parcels where development activities have been postponed due to

market conditions or other factors.

5

4)As of March 31, 2026 and December 31, 2025, 22.9% and 16.6% of the total lots under contract had refundable deposits.

5)Total lots excludes lots with homes under construction.

Non-GAAP Financial Measures

In this press release, we utilize certain financial measures that are non-GAAP financial measures as defined by the Securities and

Exchange Commission. We present these measures because we believe they and similar measures are useful to management and

investors in evaluating our operating performance and financing structure. We also believe these measures facilitate the comparison

of our operating performance and financing structure with other companies in our industry. Because these measures are not

calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), they may not be comparable to other

similarly titled measures of other companies and should not be considered in isolation or as a substitute for, or superior to, financial

measures prepared in accordance with GAAP.

The following table represents the non-GAAP measure of adjusted homebuilding gross margin for the three months ended March

31, 2026 and 2025 and reconciles these amounts to homebuilding gross margin, the most directly comparable GAAP measure.

(Unaudited, in thousands):		Three Months Ended March 31,
		2026		2025 (as restated)
Residential units revenue		$ 448,487		$ 482,149
Less: Mechanic’s lien contracts revenue		481		—
Home closings revenue		$ 448,006		$ 482,149
Homebuilding gross margin		$ 129,672		$ 154,696
Homebuilding gross margin percentage		28.9 %		32.1 %
Homebuilding gross margin		129,672		154,696
Add back: Capitalized interest charged to cost of revenues		2,072		2,233
Add back: Inventory impairment charge		943		—
Adjusted homebuilding gross margin		$ 132,687		$ 156,929
Adjusted homebuilding gross margin percentage		29.6 %		32.5 %

Net debt to total capitalization is calculated as the total debt less cash and cash equivalents, divided by the sum of total Green Brick

Partners, Inc. stockholders’ equity and total debt less cash and cash equivalents. The closest GAAP financial measure to the net debt

to total capitalization ratio is the debt to total capitalization ratio. The following table represents a reconciliation of the net debt to

total capitalization ratio as of March 31, 2026.

	Total capitalization						Homebuilding Total capitalization(1)
	Gross		Cash and cash equivalents		Net		Gross		Cash and cash equivalents		Net
Total debt, net of debt issuance costs	$ 274,133		$ (144,934)		129,199		$ 249,186		$ (138,581)		$ 110,605
Total Green Brick Partners, Inc. stockholders’ equity	1,916,359		—		1,916,359		1,916,359		—		1,916,359
Total capitalization	$ 2,190,492		$ (144,934)		$ 2,045,558		$ 2,165,545		$ (138,581)		$ 2,026,964
Debt to total capitalization ratio	12.5 %						11.5 %
Net debt to total capitalization ratio					6.3 %						5.5 %

(1)Homebuilding capitalization ratio excludes cash and debt related to our wholly owned mortgage company.

6

About Green Brick Partners, Inc.

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and

land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas

(CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as

well as a 50% interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port

St. Lucie, Florida (GHO Homes). Green Brick also retains interests in related financial services platforms, including Green Brick

Title, GRBK Mortgage, and Green Brick Insurance. Green Brick is engaged in all aspects of the homebuilding process, including

land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and

master-planned communities. For more information about Green Brick Partners Inc.’s subsidiary homebuilders, please visit https://

greenbrickpartners.com/brands-services/.

Forward-Looking and Cautionary Statements:

This press release and our earnings call contain “forward-looking statements” within the meaning of the Private Securities Litigation

Act of 1995. These statements concern expectations, beliefs, projections, plans and strategies, anticipated events or trends and

similar expressions concerning matters that are not historical facts and typically include the words “anticipate,” “believe,”

“consider,” “estimate,” “expect,” “feel,”, “poised,” “intend,” “plan,” “predict,” “seek,” “strategy,” “target,” “will” or other words of

similar meaning. Specifically, these statements reflect our beliefs and expectations regarding (i) our infill-focused land self-

development strategy; (ii) our ability to adapt to evolving market conditions and to navigate the short-term headwinds facing the

industry; (iii) our ability to continue to deliver peer-leading return metrics; (iv) the timing of our share repurchases; (v) the increase

in our community count in the second half of the year; (vi) the roll out of Green Brick Mortgage to the Providence Group in 2026;

(vii) the estimated financial results; (viii) our capital strategy; (ix) our ability to  adjust pricing in order to meet market demand; (x)

our investments in land, lots and development in 2026; (xi) our projections for land development in 2026; (xii) our land pipeline and

the impact it will have on our future success; (xiii) our expectations for Green Brick Mortgage’s capture rate in 2026 and its impact

on our revenue; (xiv) our strategic and competitive advantages, including our unique business model and focus on infill and infill-

adjacent locations, and the impact on our future results; (xv) our lot and land strategy and its impact on our future financial position;

(xxvi) our ability to successfully implement our growth strategy, including our expectations for expansion and growth of our Trophy

brand and the impact that expansion will have on our future results; (xvii) our ability to opportunistically deploy capital to maximize

shareholder returns, and to accelerate growth as the housing market improves; (xviii) the credit worthiness of our buyers, quality of

our product, and desirability of our communities; (xix) our future financial and operational performance; and (xx) expansion of our

financial services through Green Brick Mortgage and Green Brick Insurance. These forward-looking statements reflect our current

views about future events and involve estimates and assumptions which may be affected by risks and uncertainties in our business,

as well as other external factors, which could cause future results to materially differ from those expressed or implied in any

forward-looking statement. These risks include, but are not limited to: (1) general economic conditions, seasonality, cyclicality and

competition in the homebuilding industry; (2) changes in macroeconomic conditions, including increasing interest rates and

inflation that could adversely impact demand for new homes or the ability of potential buyers to qualify; (3) shortages, delays or

increased costs of raw materials and increased demand for materials, or increases in other operating costs, including costs related to

labor, real estate taxes and insurance, which in each case exceed our ability to increase prices; (4) significant periods of inflation or

deflation; (5) a shortage of labor; (6) an inability to acquire land in our markets at anticipated prices or difficulty in obtaining land-

use entitlements; (7) our inability to successfully execute our strategies, including the successful development of our communities

within expected time frames and the growth and expansion of our Trophy brand; (8) a failure to recruit, retain or develop highly

skilled and competent employees; (9) the geographic concentration of our operations; (10) government regulation risks; (11) adverse

changes in the availability or volatility of mortgage financing; (12) severe weather events or natural disasters; (13) difficulty in

obtaining sufficient capital to fund our growth; (14) our ability to meet our debt service obligations; (15) a decline in the value of

our inventories and resulting write-downs of the carrying value of our real estate assets; (16) our ability to adequately self-insure;

and (17) changes in accounting standards that adversely affect our reported earnings or financial condition. Green Brick assumes no

obligation to update any forward-looking statements, which speak only as of the date they are made. For a more detailed discussion

of these and other risks and uncertainties applicable to Green Brick please see our most recent Annual Report on Form 10-K filed

with the Securities and Exchange

Contact:

Investor Relations

469-573-6755

IR@greenbrickpartners.com

7

FAQ

How did Green Brick Partners (GRBK) perform in Q1 2026?

Green Brick reported net income of $60.9 million and diluted EPS of $1.39 in Q1 2026. Total homebuilding revenues were $456.0 million, down 5.9% year over year, while homebuilding gross margin declined to 28.9% from 32.1% in the prior-year quarter.

What were Green Brick Partners' Q1 2026 homebuilding and order metrics?

In Q1 2026, Green Brick delivered 908 homes and recorded 1,037 net new home orders. Backlog stood at 649 units with $381.3 million of backlog revenue, both down significantly compared with the same period in 2025, reflecting softer demand and pricing pressure.

How did Green Brick Partners' financial services segment perform in Q1 2026?

Financial services revenues reached $9.5 million with operating income of $4.3 million in Q1 2026. Mortgage revenue grew from $1.3 million to $5.6 million year over year, as loan originations increased to 365 loans and $150.4 million of principal from 105 loans and $47.5 million.

What accounting restatement did Green Brick Partners announce?

Green Brick will restate 2023–2025 results to reclassify closing cost incentives, including interest-rate buy-downs, from cost of residential units to a reduction of residential units revenue. The company states this will not change reported gross profit, operating income, net income, EPS, cash flow, or shareholders’ equity.

What dividend did Green Brick Partners declare on its Series A depositary shares?

Green Brick declared a quarterly dividend of $359.38 per share of 5.75% Series A Preferred Stock, equivalent to $0.35938 per Series A Depositary Share. The dividend covers March 15 to June 15, 2026, for holders of record as of June 1, 2026, reflecting a 5.75% rate on the $25,000 liquidation preference.

What is Green Brick Partners' leverage and liquidity position after Q1 2026?

The company ended Q1 2026 with no outstanding borrowings on its revolving credit facilities. Homebuilding debt to total capital was 11.5%, while net homebuilding debt to total capital was 5.5%, supported by cash and cash equivalents of $144.9 million against total debt of $274.1 million.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99 EX-99 301.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.4 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 19.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 32.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 19.4 KB